In its most recent quarterly filing PlanetOut Inc. reported an accumulated deficit -- that's how much money it's lost since it started -- of nearly $100 million.

The San Francisco web portal (NASDAQ: LGBT), which is aimed at the lesbian, gay and transgendered market, reported an accumulated deficit of $99.8 million as of March 31. For that quarter, PlanetOut lost $10.4 million on sales of $4.8 million.

PlanetOut was incorporated in Delaware in December 2000. It runs web sites gay.com and planetout.com.

It used to publish magazines, too, but agreed in April to sell that business to Regent Releasing, a unit of New York-based Here Networks, for $6 million.

In December it sold its RSVP Vacations unit, which runs gay and lesbian ship cruises, to Atlantis Events Inc.

CEO Karen Magee has had that job since July 2006, and she's been a board member at the company since 2003. Magee took over from former CEO Lowell Selvin, who left for health reasons. He stepped down from the board, too, in June 2007.

Magee's salary in 2007 was $390,000 and her bonus (which included some money for 2006) was $132,600, according to the company's proxy card.

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